Company Number: 13102824

Analysis Date: 2025-07-20 15:16 UTC

1. Credit Opinion: DECLINE
   Tooley Limited currently exhibits weak financial health with net liabilities worsening from £1,476 in 2022 to £5,940 in 2023. The company consistently holds negative net current assets, indicating insufficient short-term liquidity to meet obligations. There is no evidence of profitability or positive cash flow generation, and no employees are reported, suggesting minimal operational activity. The financial trajectory is negative, and the company’s balance sheet shows increasing deficit equity. Without additional capital injection or a clear turnaround plan, the company is unlikely to service new or existing credit facilities reliably.

2. Financial Strength:
   The balance sheet reflects a micro-entity with very limited assets (£5,932 current assets in 2023) and liabilities exceeding assets (£11,872 current liabilities). The absence of fixed assets and recurring positive net assets points to a fragile financial position. Shareholders’ funds are negative and deteriorating, indicating accumulated losses and erosion of equity. The company’s capital base is minimal (£1 share capital), which provides little buffer against unexpected losses or downturns.

3. Cash Flow Assessment:
   The company’s negative net current assets (£-5,940) imply a working capital deficit. This suggests cash flow pressures and potential difficulties in meeting short-term liabilities. No employees are recorded, which may reduce payroll burden but also indicates limited business operations generating cash inflows. The absence of profit and loss data in filings further obscures the ability to assess operating cash flow, raising concerns over liquidity sustainability.

4. Monitoring Points:

• Watch for any improvement or deterioration in net current assets and net liabilities in future accounts.
• Monitor cash balances and creditor payment patterns to detect liquidity stress.
• Observe operational developments or changes in business scale that could impact revenue generation.
• Review director appointments and any fresh capital injections or shareholder support.
• Track filing compliance and any disclosures about financial restructuring or funding.